economy
February 20, 2026
Oil prices stable as Trump considers limited military strike against Iran
U.S. President Donald Trump has given Iran "10 to 15" days to make a meaningful deal over its nuclear program — or “really bad things” will happen.
TL;DR
- Oil prices were stable as President Trump considered a limited military strike against Iran regarding its nuclear program.
- Trump set a deadline of 10 to 15 days for Iran to reach an agreement on its nuclear program, warning "bad things will happen" otherwise.
- Both Brent and WTI crude futures had reached six-month highs in the previous session due to supply risks in the Middle East.
- Despite talks, the U.S. accused Iran of failing to address core demands.
- Iran has reportedly warned of a decisive response to any military aggression.
- Factors contributing to oil prices include worries about Iran, significant buying by China for stockpiling, and high freight rates.
- Strategists believe any potential U.S. strike would likely be time-limited with defined targets, given the upcoming U.S. midterm elections and the administration's focus on consumer affordability.
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